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New Orleans Multifamily Property

3212 MILAN Street, New Orleans, LA 70125

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For Sale

$399,500

MULTI_FAMILY - New Orleans, LA

Property size:

1,764 SF

Lot size:

0.17 Acres

Price / SF:

$226/SF

HighLights

Oversized double lot with main house plus a separate 2BR/1BA guest house
Main house offers 2 bedrooms and 2 bathrooms with high ceilings, crown molding, and a den
Kitchen features granite countertops
Roof is approximately 3 years old; new A/C duct work reported
Central heating and central air; public water service
Fenced property with porch, driveway, off‑street parking, and gated off‑street parking

We can help!

Listing Contact

Herbert Kaufman

For Sale

$399,500

MULTI_FAMILY - New Orleans, LA

Property size:

1,764 SF

Lot size:

0.17 Acres

Price / SF:

$226/SF

Added:: Mar 30, 2025
Days on Market:: 440
Last Refresh:: Jun 12 at 12:06 pm

Property Features for 3212 MILAN Street

General Information

Property type: Residential Multi Family
Property subtype: Other
Parking features: Driveway, Off Street
Patio and Porch features: Porch
Exterior features: Driveway Permeable Surface, Fence, Porch
Fencing: Fenced
Standard status: Active
APN: 614344507
Size: 1,764 SF
Lot size: 0.17 Acres

Taxes and HOA fees

Tax Description: SQ 721 LOTS 9 10 67X110

Utilities

Heating system: Central
Cooling system: Central Air
Water source: Public

Building Details

Year built: 1976
Floors in Building: 1
Number of units: 2
Roof type: Shingle
Architectural style: Cottage

We can help!

Listing Contact

Herbert Kaufman

Listing agent Herbert Kaufman

Listing office Galiano Realty 3414 B Canal Street, New Orleans, LA

Listing date Mar 30, 2025

MLS# 2494139 Listing URL

Copyright © 2026 New Orleans Metropolitan Association of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

HighLights

Oversized double lot with main house plus a separate 2BR/1BA guest house
Main house offers 2 bedrooms and 2 bathrooms with high ceilings, crown molding, and a den
Kitchen features granite countertops
Roof is approximately 3 years old; new A/C duct work reported
Central heating and central air; public water service
Fenced property with porch, driveway, off‑street parking, and gated off‑street parking

Overview

This multifamily property in New Orleans, Louisiana, presents an opportunity with a main house featuring 2 bedrooms and 2 bathrooms, complemented by a guest house that includes 2 bedrooms and 1 bathroom. Situated on an oversized double lot of 0.1692 acres, the property offers a total of 1764 square feet of living space. The main house is enhanced with crown molding, granite countertops in the kitchen, and high ceilings. The property also features a den. The roof is approximately 3 years old and includes new A/C duct work. The guest house has the potential to generate income, which could assist with mortgage payments. The property includes a large front and back yard, along with gated off-street parking.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$34.9k	$19.80
− Vacancy	−$3.0k	−$1.71
EGI	$31.9k	$18.09
− OpEx	−$9.6k	−$5.43
NOI	$22.3k	$12.66

1,764 SF · lease $19.80/SF/yr · vacancy 8.64% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$319.1K

$279.2K – $372.3K (±1% cap)

NOI $22,337 @ 7.0% cap · market cap 5.59%

Second Best

Apartment 5plus

$293.3K

$256.6K – $342.2K (±1% cap)

NOI $20,531 @ 7.0% cap · market cap 5.14%

Theoretical Best

Office A

$448.4K

$392.3K – $523.1K (±1% cap)

NOI $31,385 @ 7.0% cap · market cap 7.86%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: New Orleans
County: Jefferson
State: Louisiana
Longitude: -90.101591
Latitude: 29.942651

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For sale
Duplexes
LA
New Orleans
70125
3212 MILAN Street

What type of property is this?

Duplex - Multifamily property with main house and guest house.

Where is this duplex located?

The property is located at 3212 MILAN Street New Orleans, LA.

What is the asking price?

The asking price for this property is $399,500.

What are key features of this property?

This property features: Oversized double lot with main house plus a separate 2BR/1BA guest house; Main house offers 2 bedrooms and 2 bathrooms with high ceilings, crown molding, and a den; Kitchen features granite countertops

3212 MILAN Street, New Orleans, LA 70125

MULTI_FAMILY - New Orleans, LA

Property Features for 3212 MILAN Street

General Information

Taxes and HOA fees

Utilities

Building Details

We can help!

HighLights

Overview

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

Alternative Uses

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Canal Street Automotive Investment Opportunity

Mixed-Use Live/Work Building

Gutted Warehouse with Office

Historic Ground-Floor Office Space

Updated Duplex with Off-Street Parking

Turnkey New Construction Duplex

Uptown New Orleans Multi-Family Property

Historic Mixed-Use Building, New Orleans

Converted Triplex with Dual Driveways

Mixed-Use Commercial & Residential Property

Renovated Duplex in New Orleans

Restored Victorian Bed & Breakfast

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